A financial business case for corporate social responsibility

Oikonomou, I., Pastra, A. and Visvikis, I. (2018) A financial business case for corporate social responsibility. In: Froholdt, L. L. (ed.) Corporate social responsibility in the maritime industry. WMU studies in maritime affairs (5). Springer, Cham, Switzerland, pp. 219-236. ISBN 9783319691428

Abstract/Summary

The shipping industry facilitates substantially the operation of a global supply network and plays a pivotal role in the global transport of products. Shipping positively affects the lives of billions of people, with 90% of the world’s international trade travelling by sea. The challenges of the sector are multiple due to the cyclical nature of the industry, the global political and economic instability, the bulk volume of environmental laws and the volatility of bunker fuel and freight rates. The international nature of the industry possesses significant challenges because regulations are usually taken in a global level and enforced on the local level in which there are various environmental and national peculiarities.